Legacy Wealth Asset Management LLC Raises Position in CyberArk Software Ltd. $CYBR

Legacy Wealth Asset Management LLC grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 14.7% during the 2nd quarter, Holdings Channel reports. The fund owned 859 shares of the technology company’s stock after buying an additional 110 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CyberArk Software were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. Wealth Enhancement Advisory Services LLC boosted its holdings in CyberArk Software by 14.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company’s stock worth $1,167,000 after buying an additional 431 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in CyberArk Software during the first quarter worth about $226,000. Retirement Systems of Alabama purchased a new stake in CyberArk Software during the first quarter worth about $5,235,000. Oppenheimer Asset Management Inc. boosted its holdings in CyberArk Software by 11.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,418 shares of the technology company’s stock worth $5,211,000 after buying an additional 1,535 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in CyberArk Software by 9.7% during the first quarter. Oppenheimer & Co. Inc. now owns 3,452 shares of the technology company’s stock worth $1,167,000 after buying an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR opened at $506.08 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of -150.17 and a beta of 1.01. The company’s 50 day simple moving average is $470.64 and its 200 day simple moving average is $408.43. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $514.28.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CYBR. Guggenheim downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a report on Thursday, July 31st. Wolfe Research downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price target on shares of CyberArk Software in a report on Tuesday, July 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.